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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (20030)	3/30/2004 1:57:06 PM
From: Lizzie Tudor	Read Replies (3) of 57684

the US shouldn't have all the great jobs and we don't from what I can see. If I as a software professional wanted to get a job in China I couldn't do it- no way. The markets can't rally with this employment and deficit situation and I think the business community has their panties in a bunch about it. For 20 years we have lowered corporate tax rates and individual taxes have risen when you include social security. Government spending is through the roof. Then these companies started offshoring which cut off the head of the goose that laid the golden egg, the labor taxes. Now we have a deficit of 550 billion which is more like 650 billion when you include Iraq next year. Of course the dollar is tanking and our markets are not what they were. Either raise corporate taxes 4-fold, or hire here, or cut off the military completely and shut it down. Forget all the theory because none of it matters really. Personally I don't like offshoring but there isn't any need to get theoretical with these US budget issues. We just can't afford to do business like this.

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